Let's Trade III, by Sicktrader

sicktraderII · Jul 30, 2009

Quote from ivanbaj:

Nice job!

<img src="http://smiliesftw.com/x/yumslap.gif">

u21c3f6 · Jul 30, 2009

Quote from tomdavis:

Blowinsky: Yes. I've learned a lot. I've learned to keep an open mind and earn a good living from both gambling and trading. If you read all of sicktrader's posts carefully, you'll see that he's not as leveraged as you think he is. In one of his previous posts he says that he replenishes his account during drawdowns. This implies that he has reserve funds that are part of his capital even though it isn't in his account. His true leverage can only be calculated by knowing his reserve. At some point I hope he'll reveal that information. It's a common practice for successful gamblers to manage their funds by segregating gambling funds and replenishment/reserve funds because everybody hits losing streaks. They then work their system and reach a goal and make a withdrawal; or else they lose half and replenish the account. You can build a model in Excel and prove the math conclusively using Monte Carlo simulations (you'll need the @risk add-in to run the MC sims). The question to be proved is whether or not sicktrader has the statistical edge he claims to have. If he does -- and can execute in the market -- he will succeed. He may have to pony up a few times to replenish his account, but his profits will far exceed his losses if he has the statistical edge... And, by the way, blowinsky, you're still a bully and a liar.

+1

I honestly believe that people would learn more about trading and have a greater chance of being successful by learning how to wager on live action sportsbetting and applying gambling bankroll money management. For those that insist that gambling is a dirty word and that you are "investing" and not gambling are missing out IMO.

Joe.

sicktraderII · Jul 30, 2009

Quote from Mav88:

This is hard to read, too damn many posts. I have a suggestion- open up two threads

1. Let's trade
2. Let's trade peanut gallery

only sick is allowed to post in #1, he can respond to the flames in 2.

Great idea, but main thread would have to be locked so the trolls don't sneak in. Someone should ask Magna, I think he put me on ignore.

IndexSwing · Jul 30, 2009

Sick, I know its all about money management, but would you be willing to explain your entry and exit rules?

sicktraderII · Jul 30, 2009

Quote from IndexSwing:

Sick, I know its all about money management, but would you be willing to explain your entry and exit rules?

Maybe later on, I don't want to get in a pissing match about my system, more food for the trolls, and it isn't the point of the thread. Going to pick up some booze now, may check in tonight to answer pm's. Hope you all had a good day.

tomdavis · Jul 30, 2009

Quote from u21c3f6:

+1

I honestly believe that people would learn more about trading and have a greater chance of being successful by learning how to wager on live action sportsbetting and applying gambling bankroll money management. For those that insist that gambling is a dirty word and that you are "investing" and not gambling are missing out IMO.

Joe.

You're right. Most people think of casino games when you mention the word gambling. Betting against the house at a game of roulette or baccarat is a losing proposition because the casino has the statistical edge. But, as you said, live action sports wagering can be very profitable if you can beat the book -- the same as having an edge in the trading markets. And the day-to-day money management survival skills that gamblers must learn (pay your bills, maintain proper reserves, survive losing streaks, etc) is the ultimate "boot camp" experience for traders.

xednise · Jul 30, 2009

Quote from sicktraderII:

Maybe later on, I don't want to get in a pissing match about my system, more food for the trolls, and it isn't the point of the thread.

He can't tell now and sell later. I've seen this same game played about 15 times now over the last few years. I'm not knocking him, just waiting for the other shoe to drop, due to overwhelming demand it will become available. Good trading today.

TraderZones · Jul 30, 2009

Quote from bpcnabe:

this isn't reality

one of the truly stupid things ever said on ET. perhaps you would care to ponit out ANY of it that was not reality.

TraderZones · Jul 30, 2009

Quote from sicktraderII:

in at 986.75

sorry, no exit given. There is no "up 4" there is "gee, it was a winner."

without specifically saying "OUT" or at least giving exit rules and a log/blotter, this is a figment. If it worked, great. But the OP said "will give video entries/exits." Personal testimony has no meaning.

euclid · Jul 30, 2009

Quote from TraderZones:

sorry, no exit given.

Everybody else reading this knows the exits rules and saw entries posted in advance. Only you and bwolinsky are questioning the trades. It's a bit pathetic.